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Marionette International is a worldwide operator and franchisor of hotels and related loading facilities totaling nearly $1.4 billion in net property and equipment. Assume that

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Marionette International is a worldwide operator and franchisor of hotels and related loading facilities totaling nearly $1.4 billion in net property and equipment. Assume that Marionette replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture

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